Middle East: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in the Middle East

The Middle Eastern market for plastics pipes and pipe fittings dropped to $X in 2022, waning by -11.4% against the previous year. Over the period under review, consumption, however, continues to indicate resilient growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in the Middle East

In value terms, plastics pipe and pipe fitting production dropped significantly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 62%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in the Middle East

In 2022, after four years of growth, there was decline in shipments abroad of plastics pipes and pipe fittings, when their volume decreased by -3.5% to X tons. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 13% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports amounted to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. The level of export peaked at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

Turkey represented the largest exporter of plastics pipes and pipe fittings in the Middle East, with the volume of exports reaching X tons, which was approx. 63% of total exports in 2022. Bahrain (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons). All these countries together held approx. 29% share of total exports. The following exporters - Israel (X tons) and Iran (X tons) - together made up 5.8% of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastics pipe and pipe fitting exports from Turkey stood at -1.1%. At the same time, Oman (+12.2%), Iran (+11.4%), Bahrain (+7.4%), Saudi Arabia (+6.7%) and the United Arab Emirates (+3.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +12.2% from 2012-2022. Israel experienced a relatively flat trend pattern. While the share of Bahrain (+4.9 p.p.), Oman (+3.3 p.p.), Saudi Arabia (+2.8 p.p.) and the United Arab Emirates (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-11.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastics pipe and pipe fitting supplier in the Middle East, comprising 59% of total exports. The second position in the ranking was taken by Israel ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 7.8% share.

In Turkey, plastics pipe and pipe fitting exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+2.4% per year) and the United Arab Emirates (+5.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by 6.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in the Middle East

In 2022, after two years of growth, there was decline in purchases abroad of plastics pipes and pipe fittings, when their volume decreased by -5% to X tons. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 17%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, plastics pipe and pipe fitting imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Iraq (X tons) and Saudi Arabia (X tons) were the major importers of plastics pipes and pipe fittings in 2022, resulting at approx. 32% and 21% of total imports, respectively. The United Arab Emirates (X tons) held the next position in the ranking, followed by Turkey (X tons) and Israel (X tons). All these countries together held approx. 25% share of total imports. The following importers - Yemen (X tons), Kuwait (X tons), Qatar (X tons), Oman (X tons), Syrian Arab Republic (X tons) and Bahrain (X tons) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 57% share of total imports. The United Arab Emirates, Israel, Yemen, Kuwait, Qatar, Oman, Bahrain and Syrian Arab Republic lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Yemen, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 an increase of 10% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+13.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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